Hilton Worldwide Holdings Inc. (NYSE:HLT) Shares Sold by Boothbay Fund Management LLC

Posted by on Mar 4th, 2023

Boothbay Fund Management LLC reduced its stake in Hilton Worldwide Holdings Inc. (NYSE:HLT – Get Rating) by 71.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,426 shares of the company’s stock after selling 6,153 shares during the period. Boothbay Fund Management LLC’s holdings in Hilton Worldwide were worth $293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ergoteles LLC purchased a new position in shares of Hilton Worldwide in the 3rd quarter valued at about $946,000. Centiva Capital LP lifted its position in shares of Hilton Worldwide by 30.6% during the 3rd quarter. Centiva Capital LP now owns 10,680 shares of the company’s stock worth $1,288,000 after purchasing an additional 2,501 shares during the last quarter. PFS Investments Inc. grew its stake in shares of Hilton Worldwide by 2.6% during the third quarter. PFS Investments Inc. now owns 17,056 shares of the company’s stock worth $2,057,000 after purchasing an additional 426 shares in the last quarter. MML Investors Services LLC raised its stake in Hilton Worldwide by 4.3% in the third quarter. MML Investors Services LLC now owns 21,326 shares of the company’s stock valued at $2,572,000 after buying an additional 888 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in Hilton Worldwide by 4.4% during the 3rd quarter. Nuveen Asset Management LLC now owns 2,624,879 shares of the company’s stock worth $316,612,000 after buying an additional 110,039 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Kristin Ann Campbell sold 32,863 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $150.93, for a total value of $4,960,012.59. Following the completion of the transaction, the insider now owns 221,037 shares in the company, valued at approximately $33,361,114.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HLT shares. Redburn Partners began coverage on Hilton Worldwide in a research note on Wednesday, November 30th. They set a “neutral” rating for the company. Jefferies Financial Group downgraded shares of Hilton Worldwide from a “buy” rating to a “hold” rating and dropped their target price for the company from $153.00 to $134.00 in a research report on Monday, January 9th. Robert W. Baird upped their price objective on shares of Hilton Worldwide from $158.00 to $159.00 and gave the company an “outperform” rating in a research note on Monday, February 27th. BMO Capital Markets lifted their target price on Hilton Worldwide from $145.00 to $150.00 and gave the stock a “market perform” rating in a research report on Friday, February 10th. Finally, Truist Financial upped their target price on Hilton Worldwide from $147.00 to $160.00 and gave the company a “hold” rating in a research report on Friday, February 10th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Hilton Worldwide currently has an average rating of “Hold” and an average price target of $150.43.

Hilton Worldwide Price Performance

NYSE:HLT opened at $147.58 on Friday. The firm has a market cap of $39.32 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 0.69 and a beta of 1.24. The firm’s fifty day moving average price is $139.85 and its 200 day moving average price is $134.27. Hilton Worldwide Holdings Inc. has a 1-year low of $108.41 and a 1-year high of $167.99.

Hilton Worldwide (NYSE:HLT – Get Rating) last issued its earnings results on Thursday, February 9th. The company reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.39. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. Hilton Worldwide had a net margin of 14.31% and a negative return on equity of 155.17%. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. As a group, analysts expect that Hilton Worldwide Holdings Inc. will post 5.69 earnings per share for the current fiscal year.

Hilton Worldwide declared that its Board of Directors has initiated a share repurchase program on Friday, November 11th that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the company to buy up to 6.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Hilton Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. Hilton Worldwide’s dividend payout ratio (DPR) is presently 13.22%.

Hilton Worldwide Profile

(Get Rating)

Hilton Worldwide Holdings, Inc engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management and Franchise segment operates hotels of third-party owners.

Featured Stories

Institutional Ownership by Quarter for Hilton Worldwide (NYSE:HLT)

Receive News & Ratings for Hilton Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hilton Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.